Microsoft Corporation $MSFT is Summit Place Financial Advisors LLC's 2nd Largest Position

Key Points

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Summit Place Financial Advisors LLC lifted its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 3.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,946 shares of the software giant's stock after acquiring an additional 555 shares during the period. Microsoft makes up approximately 3.6% of Summit Place Financial Advisors LLC's portfolio, making the stock its 2nd largest position. Summit Place Financial Advisors LLC's holdings in Microsoft were worth $6,361,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Newton One Investments LLC boosted its holdings in Microsoft by 66.7% in the 1st quarter. Newton One Investments LLC now owns 75 shares of the software giant's stock worth $28,000 after buying an additional 30 shares during the period. Ball & Co Wealth Management Inc. bought a new position in Microsoft in the 4th quarter worth $31,000. LSV Asset Management bought a new position in Microsoft in the 4th quarter worth $44,000. IFS Advisors LLC boosted its holdings in Microsoft by 50.0% in the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock worth $57,000 after buying an additional 50 shares during the period. Finally, Fairway Wealth LLC bought a new position in Microsoft in the 4th quarter worth $62,000. Institutional investors own 71.13% of the company's stock.

Microsoft Price Performance

Shares of MSFT opened at $517.10 on Tuesday. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $555.45. The firm's 50 day moving average price is $503.49 and its 200 day moving average price is $441.90. The company has a market cap of $3.84 trillion, a P/E ratio of 37.91, a PEG ratio of 2.28 and a beta of 1.06. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.12.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share for the quarter, topping the consensus estimate of $3.35 by $0.30. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. The firm had revenue of $76.44 billion for the quarter, compared to the consensus estimate of $73.79 billion. During the same period in the prior year, the firm earned $2.95 EPS. The firm's revenue for the quarter was up 18.1% on a year-over-year basis. On average, research analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.6%. Microsoft's dividend payout ratio is currently 24.34%.

Analysts Set New Price Targets

Several brokerages have commented on MSFT. DA Davidson boosted their price target on shares of Microsoft from $600.00 to $650.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Wells Fargo & Company reiterated an "overweight" rating and issued a $650.00 price target (up previously from $600.00) on shares of Microsoft in a research note on Thursday, July 31st. Guggenheim reiterated a "neutral" rating on shares of Microsoft in a research note on Thursday, May 1st. Sanford C. Bernstein boosted their price target on shares of Microsoft from $540.00 to $637.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Finally, Truist Financial set a $675.00 price target on shares of Microsoft and gave the stock a "buy" rating in a research note on Monday. Two investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $612.54.

Insider Buying and Selling

In other Microsoft news, EVP Kathleen T. Hogan sold 21,500 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total value of $9,756,055.00. Following the sale, the executive vice president directly owned 134,888 shares of the company's stock, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Takeshi Numoto sold 4,850 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $527.32, for a total transaction of $2,557,502.00. Following the completion of the sale, the executive vice president directly owned 39,111 shares in the company, valued at approximately $20,624,012.52. This represents a 11.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,350 shares of company stock worth $14,162,567. Insiders own 0.03% of the company's stock.

About Microsoft

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.

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